Orbs, the Layer-3 (L3) blockchain infrastructure, has recently introduced the Perpetual Hub, a groundbreaking initiative set to redefine the landscape of on-chain futures trading within the burgeoning realm of Decentralized Finance (DeFi). With an intent-based approach, the Perpetual Hub aims to enhance every aspect of perpetual future trading, from pricing accuracy to seamless order execution, ultimately fostering increased trust in the on-chain derivatives market while bolstering Total Value Locked (TVL) in decentralized derivatives

The Perpetual Hub, unveiled in collaboration with SYMMIO and IntentX, represents a significant stride forward in the evolution of DeFi. Designed to operate seamlessly within Orbs' advanced blockchain ecosystem, this innovative platform offers a comprehensive suite of resources tailored to empower traders, enabling them to harness the full potential of on-chain perpetual trading.

Comprising three integral components, the Perpetual Hub encompasses the Hedger, Liquidator, and Price Oracle functionalities. The Hedger serves as a dynamic market maker, leveraging a front-end powered by SYMM to provide liquidity and fulfill users' orders efficiently. Moreover, the Hedger leverages external liquidity sources, including centralized exchanges, to ensure unparalleled liquidity provision.

The Liquidator, as the second component, plays a pivotal role in risk management by facilitating the swift closure of a trader's position should the value of the collateral dip below the maintenance margin threshold. Meanwhile, the Price Oracle, a cornerstone of the Perpetual Hub's infrastructure, furnishes reliable on and off-chain data, ensuring precise pricing essential for continuous trading activities. Notably, the implementation of a completely decentralized Price Oracle is imperative for the seamless operation of the Perpetual Hub.

The introduction of the Perpetual Hub comes amid Orbs' ongoing efforts to enhance its protocol infrastructure. With Orbs V4 currently under development, the project aims to meet the escalating demand for its services while prioritizing efficiency and robustness. Nadav Shemesh, CEO of Orbs, emphasized the significance of this evolutionary leap, underscoring the project's commitment to remaining at the forefront of the L3 infrastructure space.

Orbs' journey towards industry leadership began with the introduction of Orbs 3.0, its original L3 architecture, nearly two years ago. As the project continues to evolve, Orbs is poised to implement further upgrades, streamlining processes such as the rollout of Guardian nodes through automation.

Building on its existing partnership with IntentX, which integrated the Liquidity Hub developed by Orbs Network into its platform, Orbs now seeks to expand its TVL, which currently stands at $3.4 billion, through the launch of the Perpetual Hub. With a relentless focus on innovation and collaboration, Orbs remains committed to shaping the future of decentralized finance and driving widespread adoption of blockchain-based solutions.